 Good morning, everyone. It's 8 o'clock on Wednesday the 15th of November and welcome to another breakfast hour. Let's quickly do that disclaimer. All bookmap limited materials, information and presentations are for educational purposes only and should not be considered specific investment advice nor recommendations. Trading futures, equities and digital currencies involve substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of a future results. Hey, Marius. Good morning. And yeah, as I flick off that disclaimer, we can see that you know, we're right at the day's highs, we're at the week's highs. The market has been very gung-ho since yesterday, effectively. The market has in its own, for its own reasons, decided that yesterday's inflation results mean nirvana that will have millions of rate cuts, etc, etc. But our job is not to question whether the market is right or wrong or sane or anything like that. It is to observe what the market is currently doing and get high probability setups out of it with multiple R returns possible. Anyway, let's let's hope that everybody's having a very, very good week and let us do some context. So let's just switch over to the slideshow. Right. Actually, I want to go back one slide. Okay. So looking ahead to today's breakfast session, we've got Ad830 core PPI and retail sales. They're both high importance categories. So we're expecting some volatility. As I said in the Discord forum, I'd be surprised to see whether it's quite as volatile as the CPI numbers in terms of the subsequent action on ES and NQ right at 830, but you never know. So let us have a look across at what has been going on. So that down channel or the down trend in ES has clearly been broken. We are motoring up to a couple of swing highs over here. And we are actually approaching yet another round number 4550. And if we switch across to NQ, it's even stronger. Not only has it broken that down trend on the daily, it's also taken out the previous swing high and the previous swing high before that. And it is still looking bullish and it is motoring towards another big round number as well. 16,000. And if you're looking at your charts now, you know we're almost there within about seven or eight points. Quick look across at the 10 minute in the ETH, the shaded session. If you've been watching this for the last few days, you'll note that we've not even been getting down to yesterday's mid, even after very, very big RTH sessions. So it has been incredibly bullish in ETH, even if you have some chop and some down movement in Asia, it hasn't even been able to take us below yesterday's mid. That shows how strong it's been. And again, you can see NQ, it's basically held yesterday's globe X high and is way, way above that and very close to that 16,000. Right, okay. As always, feel free to ask any questions either in Discord or on the YouTube channel. We're going to do some live commentary today and we're going to observe what happens when those two numbers are released at 830. The expectation of there is any expectation. And remember, we do not predict the future. We cannot predict the future. But at the moment, it is very bullish. And with two round numbers just above us, that would be the expectation if there is any that we will at least get there or if not, get very, very close to the 16,000 in NQ and the 4550 in ES. These futures markets do have an absolute love of round numbers. So once we get close, they seem to sniff it out and get us there. And if we have a look across at the book map, heat map, and we zoom out and we see what's above, should we react bullishly to that news at 830, we've got a nice resting liquidity in NQ that's been there certainly since before the European session, that's at 16,018. And the fact that it's above that round number is always a good sign if you're looking for long as that not only could we take out the 16,000, but we could then approach the next magnetic resting liquidity above. And in ES, we've got a great big resting liquidity. Again, if we zoom out the whole day, 647 on the unfiltered heat map, I've got trade map pro operating on NQ on the left. I will quickly flick across to the trade map pro on ES. And I'm going to go through that, you can see one of my tabs there is really the book map page on trade map pro. And that's my one thing I wanted to talk about today. If we have some time before these 830 releases, is to talk about my current experiences with trade map pro, why it might be interesting for other people to try it out as well, especially on thinner markets that I'm finding at the moment. Okay, let's just zoom back out and have a quick look. So what I tend to do, sorry, let me do this contrast as well for NQ and I've got it with a keyboard shortcut I mustn't forget. It's not too bad on the unfiltered map. You can see these algo bands above and below, below and above, but the actual resting liquidity is quite clear although that 16.017 isn't as clear as it might be. Certainly the liquidity at 15.995 is quite clear. I'm just finding that if you do zoom out in NQ with the trade map pro filter on, and again I will explain exactly what that is in a second, it has been provided quite a bit of utility so you can see here a little bit earlier just about an hour ago. We tagged or almost tagged that liquidity up at 15.990 and then came back to the liquidity at 15.966 and that's been the case earlier on as well. You can see right there if I zoom right out and then on the approach back down after we hit the high earlier after the London Open and we had some lovely liquidity that it attracted down and right at the bottom of that resting liquidity is really where it reversed back again. I will actually just have an explanation right now of what the trade map pro is and why I've been so interested in it. If you go to the book map knowledge base and you look at the book map add-on section and trade map pro you can go through all the details of what exactly this add-on is and what you can do with it. I'm not going to read that line by line in this webinar I'll leave that to you in your own good time and I'll actually just close that tab. What I have found that it does and let's just go on to the settings that I have for NQ which is the one that's causing me the most interest is that essentially this creates a copy of the heat map that you see and you can apply some filters to it. You can still have your levels coming from Sierra or wherever else your cloud levels appear in the columns on your filtered version and you can name it whatever you want but the filter that I've been applying on NQ and I've tested quite a few but it's a very very very basic filter so if I just go up to the NQ one that's the ES one so we'll ignore that for the time being this is the NQ filter show only orders that were not changed by price or size so I've got no size filter here I've simply got what I would call a static filter so this is just showing me orders that are basically being placed in the order book on the heat map and have not been touched either they haven't been increased or decreased by size and they have not been moved up or down by price level and I'm finding that to be of quite a lot of interest in terms of being able to better see where the magnetism if there is any in NQ has been in ETH. I won't comment on how it plays out in RTH but my focus so far has been on ETH and it's done a couple of things for me I mean firstly it's got rid of those dreadful algo bands which by their very nature they're constantly moving the price of which the size is at so that they are they are filtered out straight away and the other thing is it's showing where you know if we zoom right out horizontally where these resting liquidity levels have been placed for the entirety of the ETH session you know the entirety or the near entire entire entities who've got those right at the beginning of the Asian session and you've got some that were before the beginning of the European session so that I'm finding it is quite useful especially in a thinner market where price does chop around and zip through levels and I posted in the Discord channel a couple of screenshots I've done just directly comparing what you can see in this versus the unfiltered so the unfiltered the moment is looking okay where we are right this second because of this big fat resting liquidity at 15995 but that has not been the case regularly in the last week or so so that's just one other one thing and on ES I'm experimenting there's a few different things and I haven't really formed a solid conclusion yet on the best way to actually use it in ES and whether it's going to have any distinct advantage when we go into RTH or not but I've messed around with a few of the filters if I go in here the moment I'm just looking for the big orders and it's exactly the same as my NQ filter which is the orders haven't been touched by way of price or size but I'm just filtering them out to have just the large orders from 22,000 assuming a thousand should cap off the largest order I'm also looking at some of the esoteric filters they've got there where they can they can aggregate or they can show a different kind of heat map based on for example the number of orders that are sitting at a particular level so it's early days and since my focus really and there's been a lot to trade in ETH my focus really has been trading more in NQ I'd say about three quarters of my trades in ETH in the last week well once we've been in this incredibly bullish phase of being in NQ and so I haven't really nutted out yet what I'd say were the best filters for ES but yeah it's quite interesting certainly I mean even at a first glance of how it looks in comparison to the regular heat map is interesting so yeah let's have a look on that one in the next few weeks to see whether I can distill or discern some particular edges that occur in ETH that I can pass on or whether it's really something that I just stick with in NQ where on those that resting magnetism is particularly applicable I mean you can see here in just get that back you can see here right this second just the clarity you get where you break through this liquidity here at 90 and you clock straight up to the liquidity at 95 it's really really quite clear in the fact that they increase the pressure just above that 16 000 to help you know you can see that when I say increase the pressure I mean they're doubling the the bands of the of the resistance wall there and there I mean I can always dig out the pen so I'm just saying there and there applying the pressure and you can see what happens when they do that price goes down and then price goes down again it's easier for them to do that in a thinner market like NQ but there are two sides there are two sides to that coin because it does apply temporary pressure down but the fact that you have this resting liquidity means it retains its magnetic effect once they've got a little bit more fuel to then go back up again so if I then zoom right out and we have a look at the kind of fuel they've got I've split the volume profile just it's really for my own trading purposes just so I can see the level of sellers because I'm seeing that as fuel to go up and I like these tails I keep pointing out there's not a great tail there but I can just drag it out so you can see what they did there was a tail there so if you draw that in there oops that is pretty what I'm looking at when I'm looking for these pullbacks on those columns in NQ in book that right so let's keep paying attention to what is going on and I am just having a look across to see who we've got in the rooms both in the discord and the youtube room also aware that we have got a time check of 15 minutes before that news so what I'm going to regularly do in the next few minutes is just do a vertical zoom up above and below because we can't predict so it can equally if there is some news that is not expected go down and tag something below so it is always always worth having a little look at what is going on below so if we can see roughly what's also been happening let me just draw a little box here so you can see this little range that's occurring here as well something that I've said before you know when you have a big up move then you have a range like that the probability remains that it keeps going up you know there'll be a continuation after they finish this pause so this is a pause for both breath and to gather fuel if they can to then give us an impetus to go even higher but again if the news is not what they expected who knows we can always go down and just having a look across as well at this liquidity that they've pulled at 4518 so I'm just going to have a look to see if there's anything else that's been pulled below I mean you're always going to have large liquidity levels below even on trend updates I think I've commented on them just before we've had a trend update and I think I've commented you know there's always potential for a trend update and sometimes you know you can get bamboozled by looking below when the market just wants to go up because even though you know you might have a big fat level here is 192 at 4480 does not mean that the market has to go anywhere near it what we're more interested in is the price action and the structure of the heat map roughly around where we are and also you know as we go to these round numbers and where SPX has some round numbers for some of them their major options levels with a lot of open interest and gamma etc okay so I think yeah we're right on the high again in NQ so we're just about to get maybe a little breakout to go and tag this liquidity they've tried if we go and zoom out we've got a high there just taking it out but that's effectively a reverse spring or upthrust and then back down again to the bottom of this range so effectively there was a range that had been formed across there I've drawn it pretty badly but basically around there and at the moment we're just top ticking we're just going we're just doing these reverse springs and going from edge to edge of this range so mean reversion type trades are currently in play but this being such an obvious round number and with such a major piece of news coming out or two major pieces of news coming out soon even if we end up going down I would not be surprised if we did not tag this area first again I would not be surprised if we don't just keep going up yeah one thing that you know if you've spent a long time trading NQ or ES or any market really is that markets can be exuberant or irrational far longer than your account balance can stay liquid so you know when they are in this irrational type behavior you know where you know they might have gone up two and a half percent yesterday they may have gone up and x percent in in the last week and fell it's let's kind of have a quick look at how much they have gone up so if we just go into the monthly yeah I mean if you just have a look example over the last month Amazon's up 10% Microsoft 11 Apple up three and a bit they can keep going up is what I'm trying to say so if you are going to fade the knife you know or you're going to try and catch a reverse knife what I always recommend is that or I'm allowed to recommend what I suggest when I'm trading myself is that you do have a stop in place because if you think it's going to go down and you take a short then it keeps going up another hundred hundred and fifty points or two hundred like now as I did at the CPI release yesterday yeah your brokerage account is going to suffer very very badly and one of the other things I mean I can quickly mention while we're just watching this I've spent quite a bit more time just programming this week and what I really like to focus on when I'm programming is not creating indicators or anything it's automating some parts of my process so I think I showed you last week you know a basic price expansion tool in Sierra where you could see if you if you place your your your risk stop point here let me just draw one basically I showed you that which is stop entry R1 R2 etc very bad handwriting with a mouse and I must dig out my tablet I am automating that more and more so that I'm drawing these things less and knowing from the tools that I've built exactly you know where is a good spot to get me to to R so you know this is on the basis of how I trade which is I have equal size bets with every single trade I take that doesn't stop me pyramiding in just means that I take the the same risk dollar value with each and every bet even ones where you know it may appear that it's going to go to the moon I'm always happy to add in that scenario but what I'm trying to do there is when you've got these really volatile markets and NQ is a perfect example of a very volatile market is to speed up the and automate and objectify as much as possible the process that tells me that if my risk is here if I'm entering at this price right at this micro second where is where is the first R on the second R in relation to this price and where my desired stop is so you know those are the things that I'm focusing on what you won't hear me talk about in any of these webinars are lots and lots of indicators I think the only ones that I've mentioned are the the market pulse which is is interesting in its own way a lot of that for me is because they're opening up the API so that if there are things that you can see in this such as volume pressure and bounce or how you perceive the heat map and how you see these turns happen you can you know you can have an oscillator or whatever that reflects you know reflects how you see the turns there and to that extent I yeah I will occasionally talk about that market pulse but that that's really you know my my main interest in how you use that in relation to book map it's you know to do that in conjunction with this liquidity that we see in the heat map all right another time check and I will turn on the news feeder in a few minutes so as I said every few minutes we are just checking to see that there is no real change to the heat map so when we zoom out vertically you can see that this liquidity barrier is getting quite thick but we're right there and the fact that we're on the third approach of this means to me that it's becoming less and less likely it's the old game of you know you bang off a wall you bang off a wall you bang off a wall and your wall is full of bricks uh and this is like a wall with bricks and the third or fourth or fifth time you you hit that wall one of these bricks will go and price will go through you know it is it is as simple as that and you know people will tell you about indicators that would magically tell you when it's going to occur I think you know bravo if they do but I've never come across such a thing and I have coded many many many indicators okay so again we are in this I'll just leave that drawn there so we can see that trading range that we're in and on yes you know we are in a wide range that's also been there for quite some time now one of the things that people like to do as well is measure these ranges so if you've got a height of a range which once we do eventually break out then a lot of people that have a thesis or objective that if that is x that will be x and that we may actually go 1x or 2x and that is one of the theses and you can see that right on a heat map in book map you know you can use the you know the rectangle tool that's in book map to draw these to place these range upon range upon ranges to give you an idea of where they may go and then work out where the liquidity is in relation to if we do get 100% expansion etc so we're getting very very very close to this magic 16000 that we've been talking about so now we have touched 9925 so we're as good as there so basically bang we've taken it out so and again I said the fact that we have this liquidity up above I look at liquidity that is preferably over 30 and that's up at 16.020 and there is some liquidity at 16.010 that is bullish for going beyond that round number and what we also haven't seen is anything climactic or a really really big trade yet and the news is still coming out and I'm now going to switch on the news feed so some of you may be able to hear this in YouTube maybe in discord seems to vary by the webinar but I am actually playing the financial juice feed and I can certainly hear it as well so we're down to three and a half minutes so one of the things we're looking at here as well is what traded at the very very top here and then we can see there's only one contract traded so splitting this up between buyers and sellers sometimes helps me see how how how the separate parties were interested at these turning points so for example I had a large number of sellers in an unfinished auction at this top that would give me greater cause for a probability theory that we would take it out in other words there's two different ways looking at it you know if it's an unfinished auction which is buyers and sellers both transacting at that extreme price level you can look at it at the total volume traded that's one perspective and the other one is to look at them separately buyers and sellers and see which see the unlikely one so it's sellers at the top and buyers at the bottom transacting and see what that volume was like and that can give you different probability values in terms of it being retested or taken out the other thing we're looking at as well so we talked about the broader range and one of the things that that I do look at all the time these micro structures and this is particularly the case in NQ when it's going up and you're not wanting to fade that reverse knife or catch the reverse knife yeah so if you had these little micro swing lows and they could not take out the previous micro swing low by more than one or two ticks that to me is exploring up you know so I'm looking both at these the swing peaks the swing highs but more importantly I'm looking at these little swing lows on this journey up so when it is exploring up you often get this retag of the last swing low and it may even take it out by one or two you know bottom taking it by one or two but it doesn't properly flush it out much and in that case it's often still exploring again there are no hard and fast rules some of this is nuance every time again time check it is 8 28 and 45 seconds so we're coming right up to that news you can see over in ES all the liquidity has been removed so we'll have a look across at the unfiltered as well sorry the filtered trading app because this is this is interesting here because they've all been removed and they should have they should have been clarified so that 547 order up at 4545 is still in place so that is one potential target should we have a good market reaction or positive market reaction to the news that's about to be released just going to turn up the feed so I've just turned up the volume for financial juice and I read that they are my friends Amar and his team lovely people so they're completely cleared out the book 17 seconds to go expecting a decent pop in either direction 10 seconds and it's bullish so we're approaching that 4545 level we haven't quite taken yet but doesn't mean we won't get there and again it's interesting to see where I'll just turn off the financial juice feed interesting let me just mark the mark roughly the scene of the crime roughly there when we were looking at the CPI yesterday when I was looking at the CPI yesterday there it didn't come back anywhere near to the scene of the crime so it's interesting here on on the retail sales PPI that we did come back and tag it so it's not quite as bullish reaction and so far we're not really getting away from the scene of the crime so it looks like we're going to go through it to the other side let's see if we go properly or we just bottom digging it so it's quite a contrast between this action yesterday's action so a nice climactic little pop on the news and then the fact that it's crossed that scene of the crime level so early is currently a little bit bearish it's going to get back up there now so let's just see what it does once it approaches maybe they're just chopping around let's zoom out again and remind ourselves where that liquidity below is and the one that's really resting is this 4494 level so we're back at the scene of the crime we have a little iceberg which we're going to kind of ignore and we will have a look across at yeah so it is a little bit bearish there's that 15945 level just down here where's my pen so that is intriguing again that hasn't stayed roughly in the right place so maybe I should get rid of that we can always mark it just add a level down there so the problem with that is that it's obscured the the liquidity so I might ditch it so we've got this nice liquidity that's coming right down to and the first on the first approach it tends to bounce we're watching how strong this bounce is to see whether we're going to then take it out maybe if I was trading any of these markets right now I would actually be trading the ES I think I've said that before as well that on these rather volatile news releases I'd rather trade the instrument that moves a little bit less so if I had taken a trade it's as it was coming through here and looking bearish I'd have been looking for the first pullback south you know the reason why we draw this scene of the crime is to mark where it was right in the news release and to see how quickly we return there and test it and what happens upon that test and this was quite a bearish test and the fact that we had one little test and then straight through so we've got settlement below as well at 15980 so that's just something to bear in mind on I'm just going to double check I have that level correct in fact I don't think I do I think my level in bookmap is not right so just ignore that drag over my TPA that's the one thing I haven't done today drag over my TPAs in fact if you look at the TPAs it's actually very very funny because you have this gap between the Monday RTH and the Tuesday RTH and I've had to compress the scale an enormous amount so that you can see that but you can see a settlement is there which is at 15880 or close to it it's once it gets a little bearish you know that's assuming we stay under the scene of the crime then there is always the possibility of getting back into range and then even tagging uh tagging that settlement now we are still so let's have another look as well compare what we can see in the Trader Map Pro with this this is where the unfiltered you just have these algor bands and it makes it really hard to read you do get the icebergs but I don't find the icebergs to be particularly useful in a thin instrument like NQ occasionally they can be when you have a huge iceberg but ordinarily they are not so this was a case where it's one of those occasions where it was actually useful but yeah that is not ordinarily the case in NQ sometimes you have to um with the Trader Map Pro you have to zoom in or out to get the clarity that you can get with the add-on you know like if I just had it like that that is a bit of a blurry mess but if you do then zoom out a bit and you get roughly the right it doesn't have to be perfect just roughly the right um level of zoom the heat map becomes a lot lot clearer again there are nuances in futures day trading and we just have to be aware of that and this is a heat map which is um it's going to change based on the liquidity that is present you can just see how that was was really quite useful um once they got rid of this good liquidity this resting liquidity became the target and smacked straight back down into it at 15, 9, 60 and straight through it so so that's just a tip that if you do test this bit this um add-on I think it's still in beta so I think that testing it out could still be free but I can't but it hold me to that one because it's it's not me that charges for it I'm going to look at the Trader Map Pro the um just the filtered sizes so you've got that just draw in the effectively that's where that is I don't think the settings that I've got overly help at the moment I think you I think the MBO stops and icebergs on ES are actually useful um and although it's a little bit clearer you know you might have to reduce the contrast on the heat map to see it a little bit better I think the unfiltered heat map is better than the settings I currently have for Trader Map Pro it does not mean that the add-on can't be made clearer just I haven't found the right settings yet for ES but in NQ it's making a big difference to how I trade at NETH and you can you can see why without me saying too many words um if I am just scroll this back here um where you've got a target like this you know they've moved their liquidity down I don't think they interacted you've got this level here in this level and then you've got this nice little pump fake you could call it which is a reverse spring or it's just uh this time of the day that that is like a one tick high even though it is several ticks or several points that's how far these little swings happen at this time of the day after a major news release so that really is the type C supply demand and then you're going for the liquidity below on this occasion it got close but no cigar and now it's you know it's back into this wider range so it's actually back into so that if I then look over here I'm looking to see whether this profile is balanced even though I've got them separate separated out whether you've in fact take a little tail above and below and you've got a little balance on the profile which is reflecting that we were in a range from about there down to there uh and yeah what what you're looking for if you believed and again we can't predict the future that that liquidity was magnetic would be mean reversing from the edge of the range back towards it on this occasion it looks like it's going to break out and go in the other direction but you never know ditch that so you want it to get back into that range pretty quickly and then come back to the other side showing a little bit strength now so I'm looking across at the other markets which is something that we should be doing as well so we're looking across at ym and rty so you've seen this on the one minute that they had big spikes up and they've also gone bearish rty had an incredible day yesterday and the fact that it's gone a little bit bearish after the news is quite relevant and the other thing we're looking at as well the other things we're looking at is the the us dollar and it is showing some strength after that news you can see that on euro usd that's one of the internals on trading view I wouldn't necessarily say that was very good or very bad again the fact that you have so many instruments or symbols in trading view means that you get to try a few different things to see if they have any relevance or not where you have resting liquidity again I'll say this again and you believe that is resting liquidity you have to have that patience you remember the the saying which oh gosh sorry let me just get back it's going to hit it now but what I'm trying to say is that markets go up to go down so if you've got this lovely resting liquidity there and that was your target the fact that it went up all that way first and actually hit a little bit of liquidity there that is great that increases your r multiples that means that they may have got the fuel that they wanted to get us right through this liquidity that's what you want to see especially in a thin market like NQ they need fuel they need fuel from the below to go up and from above to go down and that applies to just about every market there is or any market that's not heavily manipulated and all markets are manipulated to some extent now if we zoom across this level here becomes interesting because it's been here for such a long time now it's not new after the scene of the crime there's 15 945 has been here about 90 minutes before the release of the news which is quite long in terms of resting liquidity on this occasion it might not ordinarily be long in ETH sometimes we get there for 12 hours but on this occasion that 90 minutes is good enough and through we go so that's where this add-on gives you that clarity to see that is the magnet that they were looking for hey Tom good morning I'm doing a bit of NQ live order flow because it's been a little bit easier to read although I did read ES as well on the way that we broke back through the scene of the crime level pretty much straight away and how bearish that was in fact there was actually more bearish because we had a little bounce first off it and then we went through it on the second approach so let me have a look across as well this is just for a bit of context I'm just going to rub this over this these two of the 10 minutes I've got NQ above and I've got ES below that's just the way I look at them one thing to bear in mind is that NQ still hasn't got back to yesterday's globe X high so we're still above that and ES is only just back in range now so even though we've had some quite bearish bearish price action since the PPI retail sales release we haven't gone a long way south so one other way of looking at that was there was a lot of room to pull back and there we're now at this 15940 level again that's been there for I was telegraphed on that release at 830 and was actually in place before him but they increased it at 830 so markets will not go straight down but we'll have a look at the levels that are below and the biggest levels the levels over 100 here at 15830 and 15800 and I will disregard that round number 15830 is interesting but it's at or reach at the moment it's 100 points away so we will disregard it we are at 846 we've only got 14 minutes left in our little breakfast session so let's have a look we've got yesterday's globe X high marked in ES at 4524 so we've had a good look at NQ and we've seen what's tradable and what's not tradable so we've got two levels here on our heat map that I pay attention to being yesterday's globe X high and settlement I've got them approximated so they're not exact but I do know what the exact levels are but I tend to trade zones rather than the exact levels just what I've found to be more useful so let's have a look at this action I mean one thing that I will comment on on the MBOs is that obviously there are a lot of these little icebergs and there's a few stops but there's an awful lot of the icebergs the fact that there are so many and I know I can change the filter so that you see less just means that I'm less likely to use something that has so many signals it becomes a little bit less useful to me so what I tend to do is I've said before is I tend to keep these resting cell icebergs as targets and I'm more interested in the MBOs so the MBOs are often proxies for really good stop runs and that's what I'm I'm looking at the most I'm also aware that the action that you're going to see after a major news release can be both volatile and choppy so when we've got a resting iceberg below I will not ordinarily pay attention to it but the exception is when there is a lot of traded volume so I will look at the number traded and I can see that's 108 and then I'll look across and I will see to see whether we have an unfinished auction or not we don't and I'll look at the number of sellers that are transacting in this zone so you can see a lot of sellers were there they've those the late sellers have been trapped and they've given us this nice little pullback up so this little delta tail always comes in handy to me if there had been a decent number of buyers there I'd be very interested in using that as a target whether for now or for some time after or at the RTH open so the moment it's it's a point of interest not a huge point of interest but a point of interest to me I'm not using it as a target for a short just yet but it's something of interest now we've had a good pullback you can see what I mean about having to zoom in and out on the trader map pro and this time I think I'm actually going to reduce the contrast you do not want it so that the filtering does not help you and you just see a blurry yellow and orange mess that doesn't help you so I'm looking to see whether any of this liquidity up here is real you can see I mean one of the advantage of this even though it is like an algo band it's cleaner than the algo band it's like a dotted line band much cleaner than if you look at the algo band there that's absolutely horrible you can't really see the resting liquidity levels in between so let's just zoom out and see where we are in relation to so there is the scene of the crime in NQ we had a big move down and now we've had a bounce but we're still above yesterday's high so whenever you you've had a big down move but you hold yesterday's high that retains it bullishness for me at the moment let's see the crime as well the fact that we've gone the other side of that scene of the crime does not mean that that's not an interesting level to the markets you know we've gone through it we went up we shot up to start with we touched it bounced a little bit and then we went through and then we had a quite a big bearish move what I'm seeing now is if we have enough fuel to go up and test it from the underside also looking to see if there's any liquidity up above in ES beyond that telegraph level of 4545 which might or might not be real I mean there is a law against spoofing but we interesting to see if that stays at 600 orders as and when we get there come down got a lot of commentary saying I wasn't actually intending to but spend the last few minutes just having a look at price action we've had the big moves since the scene of the crime since the 830 release so what we're looking at now is just a little move so I'm just commenting on the price action as I see it you often find me zooming in and out to see what is traded at these swing points I mean obviously what I was seeing there was that there was only 14 traded there and that we had a resistance also a support all in the way it doesn't mean that we won't go through it the next time it was just interesting that that on the first approach with only 14 there and there was a potential for a little scalp up and if it got moving then you know the ultimate target was back at the scene of the crime now they've moved that liquidity up and see we are as little and unfinished auction here and we go so that that really is just scalping so using a combination of lack of interest it's a double bottom and you've got the support liquidity wall beneath you and you've got this or taking out this previous swing high as your first target so in terms of you know if you got in even here at 4526 you're trying to get in with a six tick stop six tick stop so you would have got one R whether you get more I don't know and that's again just showing you that you can scalp just off the heat map exactly as it is sometimes you don't need any add-ons just need a few columns you'd understand what current price structure is what's of interest to the market what it's currently holding you know it's back over here stays high and further that meant it was temporarily bullish and you can do it that way you have to have patience and you have to move very very fast if you're going to take that type of trade ideally I will not take a trade unless I can see a target with a viable target within 2R or sorry I'll say that again I will not take a trade unless I see a viable target outside of 2R in other words that my trade will get to 2R before I hit the main main target that I can see so we had a little um we had a little interaction with liquidity with an MBO stop of 34 what was interesting there was that we took that out with one tick so if you're talking very very short term time frames that is a reverse spring or upthrust again just scalping stuff because the market is just chopping around waiting for the open at this stage and there isn't an awful lot that it's doing it's really in a holding chopping pattern until we get to the 930 and we get to the real heart of the action so yeah just to recap really what it was I was saying before we're obviously in a very very bullish phase we had some round numbers one of which has been tagged by NQ already the other one hasn't been tagged by ES but then again it has tagged a very big round number already being 4500 we've had some major market news being the retail sales and PPI and the market reaction to that has been a little bit bearish going into RTH and so far ES is sort of just staying above range but if it does get back below range then settlement becomes an obvious target and NQ is far far stronger and is still well above or well above in the sense of it's about 25 30 points above it's yesterday's globe x high and yeah that's I think where are we now we've got still got a few minutes left so that's okay yeah so we can see where that is and if we scroll the way down so yeah okay what I want to comment on just on these levels on NQ is we're currently over yesterday's high my point is that if we get back and get below yesterday's high in RTH because you've got settlement and yesterday's point of control virtually together and the fact that they're not that far from yesterday's high means that there's a high probability that we'll you know if we get under yesterday's I will take both of those out and there's been nothing overly bullish in terms of the reaction to the the retail sales and PPI so that it looks like there's a probability of that happening it doesn't mean that we won't first retag this scene of the crime and then maybe go down again but what you really really want to see if you are going to go for that settlement drive is it not being able to get away from yesterday's globe x high so when you zoom it in and vertically you get a lot of clarity with trade amount pro and there's no money that goes to me from saying that so I'll just point that out as well what I'm talking why I'm talking about it is for how I like to trade and I do like to see clarity on liquidity rather than just a big blurry mess a quick look to see what is at the top here so this is an example of an unfinished auction in NQ so you can see that there's sellers and buyers that have traded at this level up here at 970ish but it's not you there's any six sellers at that level if it was really big for NQ something like 20 I'd become very very interested it's probability that it'll get taken out but it's nowhere near as good as if there were say 20 sellers there now it's probably going to just do it for us and if we scroll back we can see almost got a double top there we've almost got a triple top and the old brick in the wall argument that more times you throw a brick at the wall eventually one will get through okay I think I've come to the end of my hour again I hope some of that was of use and I hope the last section wasn't all just me purely scalping I like to talk about tools exactly as I use them and not sugarcoat them too much so yep anyway I hope I hope people enjoyed it and thank you very much for